Public Censure of Enprise Group Limited

17 January 2020 ANNOUNCEMENT OF NZ MARKETS DISCIPLINARY TRIBUNAL PUBLIC CENSURE OF ENPRISE GROUP LIMITED FOR BREACH OF NZX LISTING RULE 3.6.1 In a determination of the NZ Markets Disciplinary Tribunal (the Tribunal) dated 10 January 2020, the Tribunal found that Enprise Group Limited (ENS) breached NZX Listing Rule 3.6.1 by filing its 2019 Annual Report 14 business days late. The Tribunal noted that a breach of the periodic reporting requirements is a breach of a fundamental obligation under the Rules. Compliance by Issuers with the periodic reporting requirements is essential in maintaining market integrity and investor confidence. The Tribunal was concerned that the securities of ENS were suspended from trading for eight and a half business days and that, while ENS had not previously been referred to the Tribunal, this was its second breach of the periodic reporting requirements. However, the Tribunal noted that ENS had notified NZX in advance that it was unlikely to release its 2019 Annual Report when due, that ENS had taken steps to expedite the resolution of the issues which arose during its audit process and that it has adopted new processes to ensure future compliance. The Tribunal ordered that ENS pay a financial penalty of $35,000, pay the costs of NZX and the Tribunal, and be publicly censured. The full decision of the Tribunal is attached to this release. End CA:00347206 For:DISP Type:DISCPLIN Time:2020-01-17 08:48:39